Fosun Tourism Group seeks to raise $548m in Hong Kong IPO

Fosun Tourism Group seeks to raise $548m in Hong Kong IPO

A Club Med resort. Fosun became a majority shareholder in Club Med in 2010. Photo: Fosun website

Fosun Tourism Group, a unit of billionaire Guo Guangchang’s drugs-to-insurance conglomerate, plans to start taking investor orders Friday for a Hong Kong initial public offering of as much as $548 million.

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